Flutter Entertainment (FLUT) Gross Margin (2023 - 2026)
Flutter Entertainment's (FLUT) quarterly Gross Margin came in at 39.6% in Q2 2026, down 719.0% on a YoY basis from 6.4% in Q2 2025, and down 7.22% quarter-over-quarter from 42.68% in Q1 2026.
Analysis
Flutter Entertainment (FLUT) Gross Margin (2023 - 2026) Analysis & Trends
Flutter Entertainment (FLUT) has reported Gross Margin for 4 consecutive years, with 39.6% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 719.0% year-over-year to 39.6%; the trailing twelve-month figure through Jun 2026 stood at 42.46% (down 448.0% YoY), and the FY2025 full-year result was 45.19%, down 251.0% from the prior year.
- Gross Margin fell to 39.6% in Q2 2026 per FLUT's latest filing, from 42.68% in the prior quarter.
- Across five years, Gross Margin topped out at 50.32% in Q2 2023 and bottomed at 39.6% in Q2 2026.
- Historically, Gross Margin has averaged 45.94% across 4 years, with a median of 46.39% in 2023.
- The sharpest annual moves came in 2024 and 2026: Gross Margin soared 200 bps in 2024, then tumbled 719 bps in 2026.
- Over 4 years, Gross Margin stood at 46.15% in 2023, then climbed by 4 bps to 48.15% in 2024, then decreased by 7 bps to 44.54% in 2025, then fell by 11 bps to 39.6% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 39.6%, 42.68%, and 44.54% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DraftKings | 21.34 Bn | 20.35 Bn | 551.45 Mn | 38.21% |
| 2 | Flutter Entertainment | 17.38 Bn | 16.20 Bn | 1.71 Bn | 39.60% |
| 3 | Super Group (SGHC) | 7.08 Bn | 6.53 Bn | - | - |
| 4 | Rush Street Interactive | 6.18 Bn | 6.00 Bn | 139.66 Mn | 35.47% |
| 5 | Codere Online Luxembourg | 412.23 Mn | 342.98 Mn | - | - |
| 6 | Meridian Holdings | 171.67 Mn | 155.85 Mn | 26.85 Mn | 53.50% |
| 7 | High Roller Technologies | 54.90 Mn | 52.24 Mn | - | - |
| 8 | VIP Play | 24.98 Mn | 24.89 Mn | -313,000.00 | -306.86% |
| 9 | Apple iSports | 16.64 Mn | 16.64 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.60% |
| Mar 31, 2026 | 42.68% |
| Dec 31, 2025 | 44.54% |
| Sep 30, 2025 | 42.86% |
| Jun 30, 2025 | 46.79% |
| Mar 31, 2025 | 46.63% |
| Dec 31, 2024 | 48.15% |
| Sep 30, 2024 | 46.06% |
| Jun 30, 2024 | 49.18% |
| Mar 31, 2024 | 47.22% |
| Dec 31, 2023 | 46.15% |
| Sep 30, 2023 | 45.82% |
| Jun 30, 2023 | 50.32% |
| Mar 31, 2023 | 47.19% |